1735 West Washington Avenue is a 4-unit multifamily asset ideally situated on a large ±13,068 SF lot in Santa Ana, California, offering a new investor a rare value-add opportunity with the potential for future ADU development. The property features a unique unit mix consisting of two detached single-family homes and one duplex on a single parcel, creating multiple value-add strategies and ample space to explore future ADU development opportunities.
Long-term tenants provide stable in-place income with significant rental upside through strategic asset management, renovation of the existing buildings, and the potential to add additional units to maximize the lot's development potential. The property benefits from strong and consistent rental demand driven by its close proximity to Santa Ana College, Downtown Santa Ana's shopping, dining, entertainment, public transportation, major employment centers, and a wide variety of lifestyle amenities.